Two-Unit Residential Income
For Sale
$275,999
1356 Glenns Bay Rd., Surfside Beach, SC 29575
Two two-bedroom condos offer open layouts, private balconies, and pond views.
Property Size1,816 SF
Price / SF$151.98
Days on Market83
Property Features for 1356 Glenns Bay Rd.
General Information
Standard status
Active
Size
1,816 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1986
Listing Agency:
Rowles Real Estate
(843) 450-2535
Listed By:
Greg Harrelson
(843) 405-3515
Source:
Gregharrelson
Added: Jul 26
Changed: Oct 13
Last Checked: Oct 14 at 11:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rowles Real Estate
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Investment Insights
Based on property information with market context.
This residential income offering includes two condominium units, each configured with two bedrooms and two bathrooms. The interiors feature open floor plans with defined living and dining areas, while private balconies overlook a pond. Combined property size is 1,816 SF, and the buildings were constructed in 1986.
Located at 1356 Glenns Bay Rd. in Surfside Beach, the community is one mile from the beach and Surfside Beach Fishing Pier. Shopping, dining, and entertainment are accessible by golf cart. Short-term and long-term rentals are permitted. Both units are tenant-occupied, and purchasers must honor the existing leases. Units 205G and 204J may be acquired individually or together.
Located at 1356 Glenns Bay Rd. in Surfside Beach, the community is one mile from the beach and Surfside Beach Fishing Pier. Shopping, dining, and entertainment are accessible by golf cart. Short-term and long-term rentals are permitted. Both units are tenant-occupied, and purchasers must honor the existing leases. Units 205G and 204J may be acquired individually or together.
Key Highlights
- Two 2‑bedroom, 2‑bath condominium units offered individually or together
- Combined property size of 1,816 SF
- Private balconies and pond views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,764
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,280
$335.3K
Cap Rate 7%
$239,486
$239.5K
Cap Rate 9%
$186,267
$186.3K
Market Conditions
NOI Build-Up for 1,816 SF
Gross rent
$31.8K $17.52/SF
− Vacancy
−$1.3K −$0.74/SF
EGI
$30.5K $16.78/SF
− OpEx
−$13.7K −$7.55/SF
NOI
$16.8K $9.23/SF
Area
Horry County, SC
Vacancy
4.20%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,280
Cap Rate 7%
$239,486
Cap Rate 9%
$186,267
Alternative Uses
Best Use
Apartment 5plus
$239.5K
$209.6K – $279.4K
NOI $16,764 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.2K
$402.7K – $537.0K
NOI $32,217 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
Business Placement
Demographics for 29575, SC
18,135
Population
16,761
Households
1.1
Avg Household Size
57
Median Age
33%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
1,778
Density / Sq Mi
$72,029
Median Household Income
$38,182
Median Earnings
$1,234
Median Rent
$278,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Residential income property - Two two-bedroom condos offer open layouts, private balconies, and pond views.
Where is this residential income property located?
The property is located at 1356 Glenns Bay Rd. Surfside Beach, SC.
What is the asking price?
The asking price for this property is $275,999.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath condominium units offered individually or together; Combined property size of 1,816 SF; Private balconies and pond views
